• Asherah@lemmy.world
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    5 months ago

    Yeah, and consider how bad it is for the class below the middle class. We’re literally fucking drowning in debt.

    • ObjectivityIncarnate@lemmy.world
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      5 months ago

      I had to dig a bit, but I found out the source poll’s threshold for “middle class”: 200% or more past the poverty line.

      The poverty line is about $15k for individuals. People making $30k a year are, clearly, not middle class. The current standard puts the beginning of middle class in the low $50k’s.

      This is doomer clickbait bullshit.

      • Match!!@pawb.social
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        5 months ago

        Americans have been deceived into thinking themselves middle class for longer than either of us have been alive

      • interrobang@lemmy.blahaj.zone
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        5 months ago

        I make about 55 in a low COL area and it is absolutely not middle anything. I rent and i can’t afford to fix my teeth even with dental.

    • explodicle@sh.itjust.works
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      5 months ago

      But debt is good! Inflation has encouraged everyone to take out loans where they previously couldn’t. Hooray!

      /s

      • ObjectivityIncarnate@lemmy.world
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        5 months ago

        A small amount (obviously less than we’ve had recently) of inflation is actually ideal. Deflation incentivizes literal hoarding of cash, instead of spending it on things, which is a very reliable way to bring an economy to a screeching halt.

        • explodicle@sh.itjust.works
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          5 months ago

          No offense but this is exactly the belief I was being sarcastic about. The economy wasn’t halted before Nixon introduced inflation as we know it today. And “the economy” at this point is practically a euphemism for rich people getting nearly the entire surplus while destroying the environment.

          Please stop spreading this dangerous misconception.